Honda, long a fixture in the upper reaches of rolling YTD sales charts, has been well and properly knocked off its pedestal by now, with its best-seller, the Accord, just barely making it into the top ten at number nine. Civic came in at 11th, while CR-V was 14th. And Honda’s not the only long-reigning volume champ that’son its way down: compared to last year, Toyota’s Corolla and Camry have shed about eight percent of their volume, and right below them the Altima and Fusion are both growing at around 17.5%. By the end of this month, Toyota could easily have only one vehicle in the top five (and could even be knocked out altogether), Honda could be completely out of the top ten, and Ford, Chevy and Nissan could be dominating the upper reaches of our YTD chart. Ch-ch-ch-changes…

[UPDATE: Old Codger-friendly version in gallery below]

According to Automotive News [sub]’s latest breakdown of Chrysler-Fiat’s product plans, a lot has changed since the big Five Year Plan product cadence guide was released in late 2009 [PDF here]. The Chrysler brand’s C-segment offering appears to have been pushed back a year, its 2014MY B-segment car is AWOL and there’s no sign of a planned MY2014 “Midsized Crossover” or T&C. Planned MY2013 “Major Modifications” for Ram Light Duty, Heavy Duty and Chassis Cab are also nowhere in sight, although the “under consideration” MY2012 minivan-based pickup is back on, likely for MY2014. A MY2012 Challenger refresh is also off, according to these plans. And what’s taking up the slack? Alfa Romeos, and lots of them. Sergio and company didn’t mention Alfas during the seven hours of PowerPoint presentations back in late ’09, but it’s clear that his priority is on bringing Alfa’s 5-door subcompact MiTo, Giulietta compact, Giulia midsizer and Compact CUV to the US. Which means the cupboard will be largely bare over the next year, and thereafter another rush of products will launch across all six mass-market brands. Chrysler’s sales are growing at the moment, but can this plan maintain the momentum? The folks in Auburn Hills certainly hope so…

You know it’s time to say “Toto, I don’t think we’re in traditional journalism any more” when fanboys get better access than industry rags. In a story picked up by Automotive News [sub], myfocuselectric.com commenter whitgallman showed the auto media what can be done if you just send a few emails… as long as you make it clear that you are only interested in buying a car, not embarrassing the program. Because then, instead of languishing in some disinterested inbox, your emails actually draw a response, like this from David Finnegan, Electrified Vehicles Marketing Manager at Ford:

For the first few months of production, we will be concentrating on California and New York. Our dealers in those areas will be the first to have their retail orders scheduled and receive the Focus electric. We will be rolling out to the remainder of our initial markets starting in spring 2012.

Well, that was news to Automotive News [sub], which had been told (along with everyone else) that the Focus Electric was supposed to launch in “late 2011” in 19 US markets. So what happens to Focus EV intenders in Chicago, Detroit and Seattle (among others)? Per AN [sub]:

As for the rest of the country’s markets, no word yet from Ford, so the best advice is to be patient.

Uh-huh. We’ll send some emails ourselves, but we aren’t holding our breath for Ford to admit that, say, buying the Focus EV wholesale from a supplier may not have been a great idea. Or that there are problems with the batteries (again, hypothetically). But there I go thinking like a “traditional journalist” again…

NHTSA has denied the niche supercar maker Pagani a waiver for advanced airbag requirements for its new Huayra, possibly forcing the Italian firm to delay US sales until 2015. According to the Federal Register[PDF], Pagani

estimated that if the requested exemption were granted, it would sell 35 to 45 vehicles per year, 6 to 12 vehicles of which would be sold in the United States…. [Pagani] submitted projections estimating that if the petition for exemption is denied and no vehicles are sold in the United States, the company would make an estimated €5,398,000 in net income during the period of 2011 through 2014, compared to €8,613,000 in net income during the same period if an exemption were granted.   The company asserted that the difference in gross revenue between granting and denying the exemption is approximately €34,000,000, and the financial records indicate a difference in projected net income of approximately €3,215,000.

(Read More…)

For most Americans, the term “small car” typically refers to a C-segment sedan like the Honda Civic or Ford Focus, cars that now qualify as midsizers in many key metrics. Subcompact, or B-segment cars are generally considered the smallest of the small, as their name implies… but ask an American to describe a car smaller than a subcompact, and they’ll likely look at you quizzically before hesitantly suggesting “Smart car?” Yes, the A-Segment, known in Europe as the “City Car” or Microcar” class, is such a rarity in the US that it’s basically synonymous with the one car “competing” in it (Fiat’s 500 hasn’t quite broken into the public consciousness yet).

But, with Chevy execs confirming once and for all that the on-again-off-again (for the US) Chevy Spark (a.k.a. Daewoo Matiz Creative) will in fact be sold in the US (likely as a 2013 model) early next year, the American A-segment is about to get a whole lot of attention. But the question is this: does the fact that America’s first new A-segment car in a decade is a Chevy help or hurt the segment’s chances (consider that previous US A-segment cars like the 500 and Smart are positioned as premium offerings)? Is this car, with its 80 HP/82 lb-ft, 1.2 liter engine a pioneering game-changer that will introduce America to a whole new world of tiny cars, or is it just CAFE compliance fodder? One thing is for certain: everyone from Hyundai to Ford (which have the i10 and Ka waiting in the wings) is going to be watching the Spark with great interest.

As far as manufacturer PR reps are concerned, there’s nothing worse than an automotive media outlet that’s willing to criticize a car. But when the unthinkable does happen and, say… I don’t know, Consumer Reports fails to recommend a new Civic, at least there will always be another publication that backs up your opinion. And, in the midst of unprecedented C-segment competition, Honda’s Executive VP for sales John Mendel trotted out this very approach recently. In an email to dealers that was obtained by the LA Times, Mendel wrote

Sometimes you disagree even with those for whom you have the greatest respect. And it seems as if that is what has occurred with the Consumer Reports review of the 2012 Honda Civic LX. We fundamentally disagree with their suggestion that Civic doesn’t rank among their recommended small cars…

Among many other very positive reviews of the Civic lineup, Motor Trend magazine recently tested eight compact cars, including Civic. The respected auto enthusiast magazine -– which knows a thing or two about ride and handling –- ranked Civic second among eight compact cars in the comparison drive. Many would be thrilled with this result. However, we disagree with Motor Trend as well –- we think there is no better compact car than Civic.

Luckily Motor Trend’s staff empathizes… they wish they could have given all the cars first place! And what about Car & Driver giving the Civic second place in its comparison… of two? In all seriousness though, Honda needs to check itself for signs of bunker mentality. Yes, Mendel’s responsibility is sales not product development, but creating an insular world where critical opinions are ignored and feedback is cherry-picked for the rosiest possible picture is bad for the long-term culture of an automaker.

Compare this approach to that taken by Honda Europe. It’s previous generation of Europe-only Civic (FK/FN) was widely criticized in the press for its poor-riding torsion beam rear suspension, lack of refinement and dynamic failings. With a new Civic coming to Frankfurt, Honda Europe is making it clear (by releasing the video shown above) that it is addressing those criticisms head-on, promising a “two-generation improvement” in ride quality. That’s the Honda that became a global player: responding to criticism, not burying its head in the sand.

GM has announced its Q2 earnings [Analyst slides in PDF here], and the firm has recorded a healthy $2.5b profit for the quarter on strong North American performance and an end to losses from the European Opel division. In fact, on an EBIT (earnings before interest and taxes) basis, all of GM’s global divisions were in the black last quarter, although GM Europe and GM South America both recorded modest $100m gains and GMIO (which includes the lucrative Chinese market) recorded a $600m EBIT. The powerhouse continues to be GM North America, which recorded $2.2b in EBIT, continuing North America’s post-bailout importance as the driver of GM’s financial results. Globally, a $600m reduction in EBIT due to costs and “other” was offset by the same amount of gains in volume/mix, while pricing added a billion dollars to overall EBIT. And though fleet sales were up in North America, incentives for the quarter appear to have hit record lows. [Hit the jump for global deliveries and market share/fleet data, via GM’s financial highlights release].

(Read More…)

Infiniti’s Essence Concept has been making the rounds since 2009, generating all kinds of speculation about its production possibilities. In fact, so desperate are the autojourno hordes for a GTR-based Infiniti halo car based on the Essence, that CAR magazine recently asked Carlos Ghosn if Nissan were working on such a car, and interpreted the following answer as a “maybe.”

The idea makes sense. The technology is here, the platform is here. It’s a great car, the GT-R. Is it a project now? No. But I don’t want to give you the impression we’ll never do that. But I don’t want you to think that it’s coming in the next two to three years either.

Yeah, that’s definitely a “no, but you’re just too adorable to disappoint.” Anyway, little did anyone guess that the Essence’s chief function (besides wowing show-goers) would be lending its sleek schnozz to the facelifted 2012 Infiniti FX crossover… and yet here it is. Who could imagine that a big-volume crossover would be a higher priority for a luxury brand than a range-topping super-coupe?

Tata’s Nano was launched with much fanfare in 2009, as the world’s cheapest car and a symbol of India’s automotive and economic aspirations. But first Tata had problems with its factory, which was to be built on land [allegedly] stolen from local farmers. Then, early last year, the cars started catching fire and refused to stop. Then finance was the issue, and when Tata revamped its finance, advertising and retail presence, it looked like things were beginning to improve. It turns out the bump was short-lived. After hitting 5k monthly sales last December, volume has fallen again dropping to 3,260 units in July (1/8th the volume of its main rival the Maruti Suzuki Alto) according to indiancarsbikes.in, which reckons

Startlingly, the most fuel efficient petrol car in the country, which is the most inexpensive too isn’t finding takers in a market troubled by high petrol prices and rising loan interest rates, that is clearly favoring cheaper and more fuel efficient cars… the market isn’t biting and the Nano sales have begun the downward spiral, this time continually.

So, what’s Tata going to fix to get its attempt at “India’s Model T” back off the ground. How about “everything”?

(Read More…)

The first time Top Gear “tested” an electric car, it depicted Tesla’s Roadster running out of electricity and being pushed from the track. Tesla immediately pointed out that the batteries “never fell below 20%” during the test, a charge the British motoring show addressed by claiming that its review

offers a fair representation of the Tesla’s performance on the day it was tested.

Tesla responded again, and then three years later (as the Roadster was headed out of production) the EV maker sued the BBC and Top Gear producers. An online war of words erupted, with Tesla coming away looking rather foolish. And guess what? Now it’s all happening all over again… and this time, the most EV-committed global automaker, Nissan, has taken the Top Gear bait.
(Read More…)

Who should lease? Some folks believe that short term non-ownership is the perfect fit for the über-rich and nouveau riche. The rich can afford to drive whatever strikes their fancy after all… and who wants to own a Taurus when you can lease a Bentley?

As for the new rich or the soon to be rich; they also need a taste of their success. So why not a lease? Well, because I have gone nearly blue in my face over the years telling aspiring lessees that the math doesn’t work. Convenience… perhaps… worry-free ownership… maybe. But moneywise? Nein. Nyet. No.

Reason can only go so far in life. Even enthusiasts have a thing for the automotive fling. So here are seven types of lease happy shoppers I’ve met in my travels. In their own words of course.

(Read More…)

With full sales numbers reported for July, TTAC is proud to announce its first-ever auto analyst grades [analyst estimates via Bloomberg]. For now we’re simply grading SAAR projections, but we’ve included OEM projections where applicable, for your own comparison. For July, the top-rated analyst was Edmunds.com’s Jessica Caldwell, whose SAAR prediction was an uncanny .5% off the actual number. Congratulations to Jessica and the Edmunds team, as well as our other A-rated analysts, Rod Lache of Deutsche Bank and Peter Nesvold of Jefferies (who squeaked in with an A-). Hit the jump to see how we calculated our grades.

(Read More…)

With the luxury market defying sluggish economic conditions, Daimler CEO Dieter Zetsche doesn’t want the upstarts at BMW and Audi to slip past it… which they are. Six months through 2011, the Mercedes brand found itself in third place among the German global luxury brands, at 610,531 units. A surging BMW captured 689,861 sales in the half, while Audi took second with 652,970. This, for Zetsche, is an unthinkable state of affairs.  In a letter to his employees, excerpted by Automotive News Europe [sub], Zetsche makes it clear that leadership in the luxury space is a Daimler birthright.

Some of our competitors are now growing faster and more profitably than we are. Granted, those are just snapshots in time and should not be overestimated. After all, many of our best new products are yet to come… In the long run we can’t be content to be in a “solid second” or even “third” place: We are Daimler – we should be far ahead of the pack! And if that requires something that we don’t currently have, then we’ll identify and develop it.

Enjoy your summer and refill your tanks. Because in the second half of this year we’re going to continue to play some hard offense!

Sales volume grew slowly in July, as economic uncertainty and supply interruptions continued to foil a full turnaround in US sales volume. On the other hand, TrueCar reports that the consumers that did buy cars spent record amounts on average, as transaction prices soared to their highest levels in history and incentives fell. According to our developing table, the Detroit automakers are coming through July ahead of their year-ago numbers, but the Japanese automakers (who are still releasing their numbers) are expected to take a bit of punishment as they struggle to recover from the industry-crippling tsunami. Hit the jump for a full table of July sales results (developing).

(Read More…)

Every month, Bloomberg publishes monthly auto sales estimates from the leading analysts… and as this month’s survey proves, they’re all over the place. With SAAR estimates running from 11.4m units to 12.1m units, and with Ford’s growth estimates ranging from 4.2% to 11%, it’s clear that we will have some winners and losers from the bunch. In short, the analyst community needs a little truth injection… which, of course, is where TTAC comes in. This month, and every month in the future, TTAC will be grading analysts on the accuracy of their forecasts. By comparing analyses from month to month, we hope to build a case for which analysts are the most consistently accurate. Industry analysts beware: TTAC has put you on notice!